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"The CEO is a brilliant man," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Mad Dash" segment.
Despite topping analysts' expectations, the company did not live up to its own guidance. Visa is having some currency issues, he said.
"Every time the stock has really gotten hammered, you should buy it," Cramer reasoned.
However, with the stock in "no-man's land," and with the company having some "unusual headwinds" going forward, he concluded that investors are better off waiting for the stock to decline further before buying.
-- Written by Bret Kenwell in Petoskey, Mich.